Solving Business Problems with Statistics

STAT-104 (3 Days)

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Statistics Training Overview

Accelebrate's Solving Business Problems with Statistics training course teaches participants how to apply appropriate statistical procedures and models to answer business questions and then effectively communicate impact to stakeholders.

Location and Pricing

Most Accelebrate courses are taught as private, customized training for 3 or more attendees at our clients' sites worldwide. In addition, we offer live, private online classes for teams who may be in multiple locations or wish to save on travel costs. Please visit our client list for organizations for whom we have delivered onsite training. To receive a customized proposal and price quote for private on-site or online training, please contact us.

Statistics Training Objectives

Students will leave the course able to use Excel to build statistical models that answer questions such as:

  • What's the relationship between a variable and an outcome?
  • If I adjust X, what will be the impact on Y?  Are there natural limits I should be aware of?
  • What's coming next?  Are we going up or down and by how much?
  • Why are we going up or down?  How impactful is each variable?  (In other words, what should I focus on first?)
  • Are there any unusual outliers?  What caused those?  Do I need to do something about this?
  • How likely is any given idea or decision or campaign to be successful? (i.e., logistic regression)
  • Did any given change or decision make a material business impact?

Statistics Training Outline

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Introduction
Why Use Statistics?
Installing the Data Analysis Tool Pack add-in for Excel
Exploring and Visualizing Data
  • Types of variables and how to visualize each
Descriptive Statistics
  • Uses for specific measures and how to visualize
    • Samples vs. populations
    • Confidence Intervals
    • Average, median, standard deviation, quartiles & percentiles
    • Looking at the shape of the data and the impact of outliers
    • Cautions and common pitfalls (e.g. Anscombe’s Quartet)
  • Dealing with bad data and ensuring it’s reliable for good decisions
Overview of Probability
Method for Creating Predictive Models
How to Choose an Appropriate Model
Regression
  • Correlation
  • Linear Regression
    • When to use it
    • How to interpret meaningfully
    • For nonlinear data
  • Multivariate
Logistic Regression
ANOVA
  • t-Test
  • One-Way ANOVA
  • Two-Way ANOVA
Chi-Square 
Time Series & Forecasting
Conclusion
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Lecture percentage

50%

Lecture/Demo

Lab percentage

50%

Lab

Course Number:

STAT-104

Duration:

3 Days

Prerequisites:

Students have access to Microsoft Excel and are familiar with writing calculations and formulas within Excel.

Training Materials:

All students receive comprehensive courseware.

Software Requirements:

  • Microsoft Excel 2010 or later (2013 or later recommended) with the latest update installed
  • Internet access
  • Related data and lab files that Accelebrate would provide

Contact Us:

Accelebrate’s training classes are available for private groups of 3 or more people at your site or online anywhere worldwide.

Don't settle for a "one size fits all" public class! Have Accelebrate deliver exactly the training you want, privately at your site or online, for less than the cost of a public class.

For pricing and to learn more, please contact us.

Contact Us Train For Us

Toll-free in US/Canada:
877 849 1850
International:
+1 678 648 3113

Toll-free in US/Canada:
866 566 1228
International:
+1 404 420 2491

925B Peachtree Street, NE
PMB 378
Atlanta, GA 30309-3918
USA

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